Global Shrimp Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Global Shrimp Market is segmented by Form ( Fresh / Chilled, Frozen / Canned, Processed ) , by Distribution Channel ( Off-Trade, On-Trade ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, North America, South America )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Distribution Channel: On-Trade
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: Asia-Pacific
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.23 %

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Market Overview

The Global Shrimp Market stood at 45.71 billion USD in 2022 and is projected to register a CAGR of 2.23% to reach 52.19 billion USD in 2028.

  • Largest Segment by Region - Asia-Pacific : Asia-Pacific largely produces shrimps, mainly in countries like India, Thailand, and China, which supports its easy supply in the region, leading to higher consumption.
  • Largest Segment by Form - Frozen / Canned : Lower prices of frozen shrimp relative to fresh shrimp are the key reason for its demand. Canned shrimp is popular on online channels due to its ease of shipping.
  • Fastest-growing Segment by Region - South America : The growth in regional sales is due to the expansion of existing shrimp farms, production increase, falling shrimp prices, and the introduction of shrimp to a new audience.
  • Fastest-growing Segment by Form - Processed : The growing need for ready-to-eat and ready-to-cook food products gave rise to the demand for processed shrimp. The sales are higher from the online distribution channel.

Scope of the Report

Fresh / Chilled, Frozen / Canned, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Form
Fresh / Chilled
Frozen / Canned
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets And Hypermarkets
Others
On-Trade
Region
Africa
By Form
By Distribution Channel
By Country
Egypt
Nigeria
South Africa
Rest Of Africa
Asia-Pacific
By Form
By Distribution Channel
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Rest Of Asia-Pacific
Europe
By Form
By Distribution Channel
By Country
France
Germany
Italy
Netherlands
Russia
Spain
United Kingdom
Rest Of Europe
Middle East
By Form
By Distribution Channel
By Country
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest Of Middle East
North America
By Form
By Distribution Channel
By Country
Canada
Mexico
United States
Rest Of North America
South America
By Form
By Distribution Channel
By Country
Argentina
Brazil
Rest Of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Why is On-Trade the largest segment by Distribution Channel?

  • In 2021, shrimp sales observed a Y-o-Y growth of 6%, by value, compared to the previous year owing to increased sales through the on-trade channel, which rose by 23.83% from 2020 to 2021. This was also because around 70% of people in countries like the United States, China, Malaysia, India, and others prefer to dine out to consume seafood. At the same time, rising disposable incomes are another major factor that has further driven sales. The on-trade channel accounted for a significant share of more than 60% in 2021 because, after the easing of pandemic-related lockdowns, sales rose by 23.83% in 2021 compared to the previous year.
  • The online channel is projected to be the fastest-growing channel with a CAGR, by value, of 9.24% during the forecast period 2022-2028. Sales through online channels were bolstered by 116.16% from 2019 to 2020 due to the COVID-19 pandemic, as offline stores were closed and people were restricted from stepping out of their homes. Major online stores like Amazon, Walmart, The Kroger Co., and others have launched more products with ASC certification, which has increased online seafood purchases to 57%.
  • Among off-trade channels, supermarkets/hypermarkets accounted for more than 60% of the share in 2021. After the COVID-19 pandemic, sales through supermarkets/hypermarkets declined by 22.8%, by value, from 2019 to 2021. This was due to the economic crisis in Europe, where the GDP fell by 7% in 2020, and to some extent in the United States, where the GDP decreased to 2.3%. Consumers have switched to private label brands instead of national brands, which offer varieties of shrimp products, such as South American White Shrimp, Asian White Shrimp, and Breaded Shrimp Products.

Why is Asia-Pacific the largest segment by Region?

  • The overall sales of shrimp in all the regions increased by 26.97% in 2021. With the increase in disposable income and health consciousness among consumers, there has been a spike in the adoption of high-protein seafood like shrimps with omega-3 fatty acids, selenium, and protein with exotic, premium taste.
  • In 2021, there was a sudden spike in the Y-o-Y growth of shrimp sales by 6.05%, mainly due to the COVID-19 pandemic. In 2020, imports, exports, and logistics were disrupted, which led to an increase in the effectiveness and efficiency of supply chains. As a result, the wastage in the supply chain declined, and production also increased, thus matching the global demand. The production of Indian shrimp increased by 8-9% in 2021, and many producers shifted their focus to retail rather than foodservices and other distribution channels. For example, producers and traders shifted from B2B to B2C in the United States, increasing their price margins.
  • Asia-Pacific dominates the shrimp market, with a 41% higher market share than North America and a 41.5% higher market share than Europe. This is mainly due to its population, as around 59% of the global population lives in Asia. It has more countries producing shrimp, such as India, Thailand, China, and others, which account for around 58% of global production, and 49% of the shrimp produced is consumed locally. The rest is exported to other countries like the United States for premium prices
  • South America is likely to be the fastest-growing shrimp market and record a CAGR of 3.77% by value during the forecast period 2022 -2028. The country is known for the premium quality and prices of its shrimp. The increase in investments and demand for premium shrimp is expected to drive the market. For instance, prominent market player Vitapro invested USD 80 million. 

Competitive Landscape

The Global Shrimp Market is fragmented, with the top five companies occupying 5.01%. The major players in this market are Beaver Street Fisheries, Dulcich Inc., Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd and Thai Union Group PCL (sorted alphabetically).

Major Players

  1. Beaver Street Fisheries

  2. Dulcich Inc.

  3. Maruha Nichiro Corporation

  4. Nippon Suisan Kaisha Ltd

  5. Thai Union Group PCL

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • February 2022: Sysco announced the completion of acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.
  • February 2022: Thai Union began piloting the use of satellite imaging for shrimp farming operations in collaboration with Sea Warden - a satellite data analytics company and Wholechain - a supply chain traceability company to support sustainable farming practices through insights into shrimp populations, farm health, contamination.
  • February 2022: D'art launched waterbase's global retail identity " Shrimp World" in Amalapuram, Andhra Pradesh

Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. INTRODUCTION

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. KEY INDUSTRY TRENDS

    1. 3.1 Price Trends

    2. 3.2 Production Trends

    3. 3.3 Regulatory Framework

    4. 3.4 Value Chain & Distribution Channel Analysis

  4. 4. MARKET SEGMENTATION

    1. 4.1 Form

      1. 4.1.1 Fresh / Chilled

      2. 4.1.2 Frozen / Canned

      3. 4.1.3 Processed

    2. 4.2 Distribution Channel

      1. 4.2.1 Off-Trade

        1. 4.2.1.1 Convenience Stores

        2. 4.2.1.2 Online Channel

        3. 4.2.1.3 Supermarkets And Hypermarkets

        4. 4.2.1.4 Others

      2. 4.2.2 On-Trade

    3. 4.3 Region

      1. 4.3.1 Africa

        1. 4.3.1.1 By Form

        2. 4.3.1.2 By Distribution Channel

        3. 4.3.1.3 By Country

          1. 4.3.1.3.1 Egypt

          2. 4.3.1.3.2 Nigeria

          3. 4.3.1.3.3 South Africa

          4. 4.3.1.3.4 Rest Of Africa

      2. 4.3.2 Asia-Pacific

        1. 4.3.2.1 By Form

        2. 4.3.2.2 By Distribution Channel

        3. 4.3.2.3 By Country

          1. 4.3.2.3.1 Australia

          2. 4.3.2.3.2 China

          3. 4.3.2.3.3 India

          4. 4.3.2.3.4 Indonesia

          5. 4.3.2.3.5 Japan

          6. 4.3.2.3.6 Malaysia

          7. 4.3.2.3.7 South Korea

          8. 4.3.2.3.8 Rest Of Asia-Pacific

      3. 4.3.3 Europe

        1. 4.3.3.1 By Form

        2. 4.3.3.2 By Distribution Channel

        3. 4.3.3.3 By Country

          1. 4.3.3.3.1 France

          2. 4.3.3.3.2 Germany

          3. 4.3.3.3.3 Italy

          4. 4.3.3.3.4 Netherlands

          5. 4.3.3.3.5 Russia

          6. 4.3.3.3.6 Spain

          7. 4.3.3.3.7 United Kingdom

          8. 4.3.3.3.8 Rest Of Europe

      4. 4.3.4 Middle East

        1. 4.3.4.1 By Form

        2. 4.3.4.2 By Distribution Channel

        3. 4.3.4.3 By Country

          1. 4.3.4.3.1 Bahrain

          2. 4.3.4.3.2 Kuwait

          3. 4.3.4.3.3 Oman

          4. 4.3.4.3.4 Qatar

          5. 4.3.4.3.5 Saudi Arabia

          6. 4.3.4.3.6 United Arab Emirates

          7. 4.3.4.3.7 Rest Of Middle East

      5. 4.3.5 North America

        1. 4.3.5.1 By Form

        2. 4.3.5.2 By Distribution Channel

        3. 4.3.5.3 By Country

          1. 4.3.5.3.1 Canada

          2. 4.3.5.3.2 Mexico

          3. 4.3.5.3.3 United States

          4. 4.3.5.3.4 Rest Of North America

      6. 4.3.6 South America

        1. 4.3.6.1 By Form

        2. 4.3.6.2 By Distribution Channel

        3. 4.3.6.3 By Country

          1. 4.3.6.3.1 Argentina

          2. 4.3.6.3.2 Brazil

          3. 4.3.6.3.3 Rest Of South America

  5. 5. COMPETITIVE LANDSCAPE

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Landscape

    4. 5.4 Company Profiles

      1. 5.4.1 Admiralty Island Fisheries Inc.

      2. 5.4.2 Anchor Trust Group Limited

      3. 5.4.3 Beaver Street Fisheries

      4. 5.4.4 Dulcich Inc.

      5. 5.4.5 Industrial Pesquera Santa Priscila S.A.

      6. 5.4.6 Maruha Nichiro Corporation

      7. 5.4.7 Nippon Suisan Kaisha Ltd

      8. 5.4.8 Premium Brands Holdings Corp. (Clearwater Seafoods Incorporated)

      9. 5.4.9 Roda Internacional Canarias, S.L.

      10. 5.4.10 Sysco Corporation

      11. 5.4.11 Thai Union Group PCL

      12. 5.4.12 The Waterbase Ltd.

  6. 6. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS

  7. 7. APPENDIX

    1. 7.1 Global Overview

      1. 7.1.1 Overview

      2. 7.1.2 Porter’s Five Forces Framework

      3. 7.1.3 Global Value Chain Analysis

      4. 7.1.4 Market Dynamics (DROs)

    2. 7.2 Sources & References

    3. 7.3 List of Tables & Figures

    4. 7.4 Primary Insights

    5. 7.5 Data Pack

    6. 7.6 Glossary of Terms

List of Tables & Figures

    Figure 1:  

    GLOBAL SHRIMP MARKET, SHRIMP, PRICE IN USD/METRIC TONNES, 2016 - 2022

    Figure 2:  

    GLOBAL SHRIMP MARKET, SHRIMP, PRODUCTION IN METRIC TONNES, 2016 - 2028

    Figure 3:  

    GLOBAL SHRIMP MARKET, VOLUME, METRIC TONNES, 2016 - 2028

    Figure 4:  

    GLOBAL SHRIMP MARKET, VALUE, USD, 2016 - 2028

    Figure 5:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 6:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 7:  

    GLOBAL SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 8:  

    GLOBAL SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 9:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, FRESH / CHILLED, 2016 - 2028

    Figure 10:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, FRESH / CHILLED, 2016 - 2028

    Figure 11:  

    GLOBAL SHRIMP MARKET, FRESH / CHILLED, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 12:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, FROZEN / CANNED, 2016 - 2028

    Figure 13:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, FROZEN / CANNED, 2016 - 2028

    Figure 14:  

    GLOBAL SHRIMP MARKET, FROZEN / CANNED, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 15:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, PROCESSED, 2016 - 2028

    Figure 16:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, PROCESSED, 2016 - 2028

    Figure 17:  

    GLOBAL SHRIMP MARKET, PROCESSED, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 18:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 19:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 20:  

    GLOBAL SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 21:  

    GLOBAL SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 22:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BY OFF-TRADE, 2016 - 2028

    Figure 23:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BY OFF-TRADE, 2016 - 2028

    Figure 24:  

    GLOBAL SHRIMP MARKET, VOLUME SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028

    Figure 25:  

    GLOBAL SHRIMP MARKET, VALUE SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028

    Figure 26:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, CONVENIENCE STORES, 2016 - 2028

    Figure 27:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, CONVENIENCE STORES, 2016 - 2028

    Figure 28:  

    GLOBAL SHRIMP MARKET, CONVENIENCE STORES, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 29:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, ONLINE CHANNEL, 2016 - 2028

    Figure 30:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, ONLINE CHANNEL, 2016 - 2028

    Figure 31:  

    GLOBAL SHRIMP MARKET, ONLINE CHANNEL, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 32:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028

    Figure 33:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028

    Figure 34:  

    GLOBAL SHRIMP MARKET, SUPERMARKETS AND HYPERMARKETS, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 35:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, OTHERS, 2016 - 2028

    Figure 36:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, OTHERS, 2016 - 2028

    Figure 37:  

    GLOBAL SHRIMP MARKET, OTHERS, VALUE SHARE (%), BY FORM, 2021 VS 2028

    Figure 38:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, ON-TRADE, 2016 - 2028

    Figure 39:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, ON-TRADE, 2016 - 2028

    Figure 40:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BY REGION, 2016 - 2028

    Figure 41:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BY REGION, 2016 - 2028

    Figure 42:  

    GLOBAL SHRIMP MARKET, VOLUME SHARE (%), BY REGION, 2016 VS 2022 VS 2028

    Figure 43:  

    GLOBAL SHRIMP MARKET, VALUE SHARE (%), BY REGION, 2016 VS 2022 VS 2028

    Figure 44:  

    AFRICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 45:  

    AFRICA SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 46:  

    AFRICA SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 47:  

    AFRICA SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 48:  

    AFRICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 49:  

    AFRICA SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 50:  

    AFRICA SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 51:  

    AFRICA SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 52:  

    AFRICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 53:  

    AFRICA SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 54:  

    AFRICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 55:  

    AFRICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 56:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, EGYPT, 2016 - 2028

    Figure 57:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, EGYPT, 2016 - 2028

    Figure 58:  

    GLOBAL SHRIMP MARKET, EGYPT, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 59:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, NIGERIA, 2016 - 2028

    Figure 60:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, NIGERIA, 2016 - 2028

    Figure 61:  

    GLOBAL SHRIMP MARKET, NIGERIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 62:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, SOUTH AFRICA, 2016 - 2028

    Figure 63:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, SOUTH AFRICA, 2016 - 2028

    Figure 64:  

    GLOBAL SHRIMP MARKET, SOUTH AFRICA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 65:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF AFRICA, 2016 - 2028

    Figure 66:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF AFRICA, 2016 - 2028

    Figure 67:  

    GLOBAL SHRIMP MARKET, REST OF AFRICA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 68:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 69:  

    ASIA-PACIFIC SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 70:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 71:  

    ASIA-PACIFIC SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 72:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 73:  

    ASIA-PACIFIC SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 74:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 75:  

    ASIA-PACIFIC SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 76:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 77:  

    ASIA-PACIFIC SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 78:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 79:  

    ASIA-PACIFIC SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 80:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2028

    Figure 81:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, AUSTRALIA, 2016 - 2028

    Figure 82:  

    GLOBAL SHRIMP MARKET, AUSTRALIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 83:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, CHINA, 2016 - 2028

    Figure 84:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, CHINA, 2016 - 2028

    Figure 85:  

    GLOBAL SHRIMP MARKET, CHINA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 86:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, INDIA, 2016 - 2028

    Figure 87:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, INDIA, 2016 - 2028

    Figure 88:  

    GLOBAL SHRIMP MARKET, INDIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 89:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, INDONESIA, 2016 - 2028

    Figure 90:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, INDONESIA, 2016 - 2028

    Figure 91:  

    GLOBAL SHRIMP MARKET, INDONESIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 92:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, JAPAN, 2016 - 2028

    Figure 93:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, JAPAN, 2016 - 2028

    Figure 94:  

    GLOBAL SHRIMP MARKET, JAPAN, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 95:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, MALAYSIA, 2016 - 2028

    Figure 96:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, MALAYSIA, 2016 - 2028

    Figure 97:  

    GLOBAL SHRIMP MARKET, MALAYSIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 98:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, SOUTH KOREA, 2016 - 2028

    Figure 99:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, SOUTH KOREA, 2016 - 2028

    Figure 100:  

    GLOBAL SHRIMP MARKET, SOUTH KOREA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 101:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF ASIA-PACIFIC, 2016 - 2028

    Figure 102:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF ASIA-PACIFIC, 2016 - 2028

    Figure 103:  

    GLOBAL SHRIMP MARKET, REST OF ASIA-PACIFIC, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 104:  

    EUROPE SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 105:  

    EUROPE SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 106:  

    EUROPE SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 107:  

    EUROPE SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 108:  

    EUROPE SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 109:  

    EUROPE SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 110:  

    EUROPE SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 111:  

    EUROPE SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 112:  

    EUROPE SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 113:  

    EUROPE SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 114:  

    EUROPE SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 115:  

    EUROPE SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 116:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, FRANCE, 2016 - 2028

    Figure 117:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, FRANCE, 2016 - 2028

    Figure 118:  

    GLOBAL SHRIMP MARKET, FRANCE, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 119:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, GERMANY, 2016 - 2028

    Figure 120:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, GERMANY, 2016 - 2028

    Figure 121:  

    GLOBAL SHRIMP MARKET, GERMANY, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 122:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, ITALY, 2016 - 2028

    Figure 123:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, ITALY, 2016 - 2028

    Figure 124:  

    GLOBAL SHRIMP MARKET, ITALY, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 125:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, NETHERLANDS, 2016 - 2028

    Figure 126:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, NETHERLANDS, 2016 - 2028

    Figure 127:  

    GLOBAL SHRIMP MARKET, NETHERLANDS, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 128:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, RUSSIA, 2016 - 2028

    Figure 129:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, RUSSIA, 2016 - 2028

    Figure 130:  

    GLOBAL SHRIMP MARKET, RUSSIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 131:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, SPAIN, 2016 - 2028

    Figure 132:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, SPAIN, 2016 - 2028

    Figure 133:  

    GLOBAL SHRIMP MARKET, SPAIN, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 134:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, UNITED KINGDOM, 2016 - 2028

    Figure 135:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, UNITED KINGDOM, 2016 - 2028

    Figure 136:  

    GLOBAL SHRIMP MARKET, UNITED KINGDOM, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 137:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF EUROPE, 2016 - 2028

    Figure 138:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF EUROPE, 2016 - 2028

    Figure 139:  

    GLOBAL SHRIMP MARKET, REST OF EUROPE, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 140:  

    MIDDLE EAST SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 141:  

    MIDDLE EAST SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 142:  

    MIDDLE EAST SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 143:  

    MIDDLE EAST SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 144:  

    MIDDLE EAST SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 145:  

    MIDDLE EAST SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 146:  

    MIDDLE EAST SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 147:  

    MIDDLE EAST SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 148:  

    MIDDLE EAST SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 149:  

    MIDDLE EAST SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 150:  

    MIDDLE EAST SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 151:  

    MIDDLE EAST SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 152:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BAHRAIN, 2016 - 2028

    Figure 153:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BAHRAIN, 2016 - 2028

    Figure 154:  

    GLOBAL SHRIMP MARKET, BAHRAIN, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 155:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, KUWAIT, 2016 - 2028

    Figure 156:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, KUWAIT, 2016 - 2028

    Figure 157:  

    GLOBAL SHRIMP MARKET, KUWAIT, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 158:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, OMAN, 2016 - 2028

    Figure 159:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, OMAN, 2016 - 2028

    Figure 160:  

    GLOBAL SHRIMP MARKET, OMAN, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 161:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, QATAR, 2016 - 2028

    Figure 162:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, QATAR, 2016 - 2028

    Figure 163:  

    GLOBAL SHRIMP MARKET, QATAR, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 164:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, SAUDI ARABIA, 2016 - 2028

    Figure 165:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, SAUDI ARABIA, 2016 - 2028

    Figure 166:  

    GLOBAL SHRIMP MARKET, SAUDI ARABIA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 167:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, UNITED ARAB EMIRATES, 2016 - 2028

    Figure 168:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, UNITED ARAB EMIRATES, 2016 - 2028

    Figure 169:  

    GLOBAL SHRIMP MARKET, UNITED ARAB EMIRATES, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 170:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF MIDDLE EAST, 2016 - 2028

    Figure 171:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF MIDDLE EAST, 2016 - 2028

    Figure 172:  

    GLOBAL SHRIMP MARKET, REST OF MIDDLE EAST, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 173:  

    NORTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 174:  

    NORTH AMERICA SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 175:  

    NORTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 176:  

    NORTH AMERICA SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 177:  

    NORTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 178:  

    NORTH AMERICA SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 179:  

    NORTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 180:  

    NORTH AMERICA SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 181:  

    NORTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 182:  

    NORTH AMERICA SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 183:  

    NORTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 184:  

    NORTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 185:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, CANADA, 2016 - 2028

    Figure 186:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, CANADA, 2016 - 2028

    Figure 187:  

    GLOBAL SHRIMP MARKET, CANADA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 188:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, MEXICO, 2016 - 2028

    Figure 189:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, MEXICO, 2016 - 2028

    Figure 190:  

    GLOBAL SHRIMP MARKET, MEXICO, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 191:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, UNITED STATES, 2016 - 2028

    Figure 192:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, UNITED STATES, 2016 - 2028

    Figure 193:  

    GLOBAL SHRIMP MARKET, UNITED STATES, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 194:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF NORTH AMERICA, 2016 - 2028

    Figure 195:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF NORTH AMERICA, 2016 - 2028

    Figure 196:  

    GLOBAL SHRIMP MARKET, REST OF NORTH AMERICA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 197:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2028

    Figure 198:  

    SOUTH AMERICA SHRIMP MARKET, VALUE IN USD, BY FORM, 2016 - 2028

    Figure 199:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 200:  

    SOUTH AMERICA SHRIMP MARKET, VALUE SHARE (%), BY FORM, 2016 VS 2022 VS 2028

    Figure 201:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 202:  

    SOUTH AMERICA SHRIMP MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028

    Figure 203:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 204:  

    SOUTH AMERICA SHRIMP MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028

    Figure 205:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME IN METRIC TONNES, BY COUNTRY, 2016 - 2028

    Figure 206:  

    SOUTH AMERICA SHRIMP MARKET, VALUE IN USD, BY COUNTRY, 2016 - 2028

    Figure 207:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 208:  

    SOUTH AMERICA SHRIMP MARKET, VOLUME SHARE (%), BY COUNTRY, 2016 VS 2022 VS 2028

    Figure 209:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, ARGENTINA, 2016 - 2028

    Figure 210:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, ARGENTINA, 2016 - 2028

    Figure 211:  

    GLOBAL SHRIMP MARKET, ARGENTINA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 212:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, BRAZIL, 2016 - 2028

    Figure 213:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, BRAZIL, 2016 - 2028

    Figure 214:  

    GLOBAL SHRIMP MARKET, BRAZIL, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 215:  

    GLOBAL SHRIMP MARKET, VOLUME IN METRIC TONNES, REST OF SOUTH AMERICA, 2016 - 2028

    Figure 216:  

    GLOBAL SHRIMP MARKET, VALUE IN USD, REST OF SOUTH AMERICA, 2016 - 2028

    Figure 217:  

    GLOBAL SHRIMP MARKET, REST OF SOUTH AMERICA, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2021 VS 2028

    Figure 218:  

    GLOBAL SHRIMP MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 219:  

    GLOBAL SHRIMP MARKET, TOTAL NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 220:  

    GLOBAL SHRIMP MARKET SHARE(%), BY KEY PLAYERS, 2021

Market Definition

  • Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 ° C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 ° C or lower to maintain its shelf life.​
  • Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption. ​
  • Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.​
  • Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.​

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
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Frequently Asked Questions

The Global Shrimp Market market is studied from 2016 - 2028.

The Global Shrimp Market stood at 45.71 billion USD in 2022 and is projected to register a CAGR of 2.23% to reach 52.19 billion USD in 2028.

Asia-Pacific largely produces shrimps, mainly in countries like India, Thailand, and China, which supports its easy supply in the region, leading to higher consumption.

Lower prices of frozen shrimp relative to fresh shrimp are the key reason for its demand. Canned shrimp is popular on online channels due to its ease of shipping.

The growth in regional sales is due to the expansion of existing shrimp farms, production increase, falling shrimp prices, and the introduction of shrimp to a new audience.

The growing need for ready-to-eat and ready-to-cook food products gave rise to the demand for processed shrimp. The sales are higher from the online distribution channel.

Beaver Street Fisheries,Dulcich Inc.,Maruha Nichiro Corporation,Nippon Suisan Kaisha Ltd and Thai Union Group PCL. are the major companies operating in Global Shrimp Market.